Waaree Energies Ltd
WAAREEENERWaaree Energies Ltd
WAAREEENERPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
— | 16.91 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
48.93 | 6.81 | 0.58% |
Forecast & Ratings
Detailed Forecast Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Waaree Energies Ltd is an India-based company specializing in the manufacturing and distribution of thermal solar systems and renewable energy equipment.
Peers
Compare with peersSuzlon Energy Ltd
Sterling and Wilson Renewable Energy Ltd
Azad Engineering Ltd
Websol Energy System Ltd
Alpex Solar Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
Revenue Forecast
Earnings Per Share Forecast
Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,649.79 | 2,021.31 | 1,997.43 | 2,950.86 | 6,860.36 | 11,974.11 | — | |||||||
Raw Materials | 1,217.37 | 1,649.24 | 1,684.53 | 2,258.10 | 6,157.99 | 9,321.79 | — | |||||||
Power & Fuel Cost | 10.08 | 12.65 | 10.11 | 19.71 | 50.51 | 88.39 | ||||||||
Employee Cost | 41.65 | 50.32 | 42.65 | 51.46 | 118.22 | 153.76 | ||||||||
Selling & Administrative Expenses | 73.10 | 54.15 | 150.73 | 61.68 | 126.75 | 219.49 | ||||||||
Operating & Other expenses | 105.17 | 137.19 | -20.10 | 357.39 | -516.66 | 39.75 | ||||||||
EBITDA | 202.42 | 117.76 | 129.51 | 202.52 | 923.55 | 2,150.93 | — | |||||||
Depreciation/Amortization | 40.72 | 27.13 | 28.54 | 43.27 | 164.13 | 276.81 | — | |||||||
PBIT | 161.70 | 90.63 | 100.97 | 159.25 | 759.42 | 1,874.12 | — | |||||||
Interest & Other Items | 59.09 | 33.71 | 29.66 | 40.88 | 82.27 | 139.91 | — | |||||||
PBT | 102.61 | 56.92 | 71.31 | 118.37 | 677.15 | 1,734.21 | — | |||||||
Taxes & Other Items | 20.26 | 15.23 | 22.80 | 42.73 | 194.40 | 497.02 | — | |||||||
Net Income | 82.35 | 41.69 | 48.51 | 75.64 | 482.75 | 1,237.19 | — | |||||||
EPS | 4.18 | 2.11 | 2.46 | 3.84 | 21.92 | 48.87 | — | |||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | |||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Company Updates
Peers & Comparison
IndustrialsRenewable Energy Equipment & Services
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Waaree Energies Ltd | 56.70 | 16.91 | — |
Suzlon Energy Ltd | 140.80 | 23.72 | — |
Sterling and Wilson Renewable Energy Ltd | -63.65 | 14.13 | — |
Azad Engineering Ltd | 143.74 | 13.05 | — |
Price Comparison
Compare WAAREEENER with any stock or ETFShareholdings
Promoter Holdings Trend
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
No institutional holdings trend are available
Shareholding Pattern
Sep 2021
Oct 2024
Shareholding History
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No Dividends
WAAREEENER has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
The scrip was listed at Rs 2,550, exhibiting a premium of 69.66% to the issue price. So far, the stock has hit a high of 2,600 and a low of 2294.55. On the BSE, over 13.77 lakh shares of the company were traded in the counter so far. The initial public offer (IPO) of Waaree Energies was subscribed 76.34 times. The issue opened for bidding on 21 October 2024 and it closed on 23 October 2024. The price band of the IPO was fixed between Rs 1,427 to 1,503 per share. The IPO comprised offer for sale (OFS) of 48,00,000 equity shares and fresh issue of equity shares, aggregating to Rs 3600 crore. Of the OFS, sales by the promoter shareholders constitute 4350000 equity shares [all by Waaree Sustainable Finance] and balance by Investor selling shareholders [450000 equity share by Chandurkar Investments]. On post issue expanded equity Chandurkar Investments will hold 0% stake. Of the net proceeds from the fresh issue, about Rs 2,775 crore will be used to part finance the cost of establishing the 6GW of Ingot Wafer, Solar Cell and Solar PV Module manufacturing facility in Odisha by way of an investment in Sangam Solar One, a wholly owned subsidiary of the company and balance towards general corporate purposes. Ahead of the IPO, Waaree Energies on 18 October 2024, raised Rs 1,276.93 crore from anchor investors. The board allotted 84.95 lakh shares at Rs 1,503 each to 92 anchor investors. Waaree Energies is the largest manufacturer of solar PV modules in India, in terms of installed capacity. It manufactures solar PV modules using multicrystalline cell technology, monocrystalline cell technology and emerging technologies such as Tunnel Oxide Passivated Contact (TopCon) which helps reduce energy loss and enhances overall efficiency. The company manufactures and sells its PV modules under the 'Waaree' brand. Its portfolio of solar energy products consists of the following PV modules: (i) multicrystalline modules; (ii) monocrystalline modules; and (iii) TopCon modules, comprising flexible modules, which includes bifacial modules (Mono PERC) (framed and unframed), and building integrated photo voltaic (BIPV) modules. The firm reported a consolidated net profit (from Continuing Biz) of Rs 401.13 crore and sales of Rs 3,408.90 crore for the three months ended on 30 June 2024. Powered by Capital Market - Live
The Equity shares of Waaree Energies (Scrip Code: 544277) are listed and admitted to dealings on the Exchange in the list of ''B'' Group Securities effective today (28/10/2024).Powered by Capital Market - Live
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 48.65%, vs industry avg of 7.16%
Increasing Market Share
Over the last 5 years, market share increased from 10.57% to 51.54%